Question: Exercise 1 1 - 3 3 ( Algo ) Goodwill valuation and impairment; Chapters 1 0 and 1 1 [ LO 1 1 - 8
Exercise Algo Goodwill valuation and impairment; Chapters and LO
On Mey a Pewly Corporation wopined all of the outitiading common stock of itarmats, incorporated, for milion. The far value of harmarls identifable tangble and intanglite aisets tolaled $ milign, and the far value of liabilses assuelsed by Priky was $ milisen.
Peiky perbormed a goodwil inpoliment lest at the end of its fiscal year ended December Manapement hat prowided the following informationt
Tatr vatue of Tarnas, Incerporated
tablestilionexcluding goodritlimilligainctualing geotritimillion
Aequired:
Determine the athourt of goodela pat resuled from the Harman acquition.
Determine the amount of goodell imperment lost that Perky thould recognine at the end of If any,
If an ingaiment loss is required, prepare the journal ertry la record the lows.
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